Casey Zgutowicz (Vice President / Producer – Lockton) interviews Michael Conway (Partner – Shook, Hardy & Bacon) and Shawn Fox (Managing Director – Willamette Management Associates) on Reps & Warranties (R&W) Insurance and claims considerations.
Topics discussed include:
• Introductions/Backgrounds: (0:00 – 1:32)
• R&W / indemnity provisions in an Acquisition Agreement and typical legal claims (1:33-4:03)
• Role and value of a forensic accountant (4:04-8:38)
• How Damages are assessed and determined (8:39-10:48)
• Considerations of Audited vs. Non-Audited Financials (10:49-13:38)
• R&W Insurance responding to a claim (13:39-14:36)
• Key R&W Insurance Policy Provisions/Definitions (14:37-17:58)
• Buyer and Seller interactions post dispute and ramifications on coverage (17:59-21:15)
• Materiality scrape provisions (21:16-22:39)
• Latest trends, including: higher deal multiples, R&W policy becoming more of a staple to a deal (22:40-28:39)
